MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC

EIN: 223799632 501(c)(3) Education

CAMBRIDGE, MA

Total Revenue
$3,623,323
Total Expenses
$3,478,040
Total Assets
$1,994,798
Net Assets
$1,818,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
SONDRA SCHWARTZ
Phone
6176745100
Tax Period
2023-01-01 to 2023-12-31

MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 4% surplus.

Mission

MASSBIOED'S MISSION IS TO BUILD A SUSTAINABLE LIFE SCIENCES WORKFORCE IN THE REGION. THIS INCLUDES EDUCATIONAL PROGRAMS THAT ENGAGE AND EXCITE TEACHERS, INSPIRE, AND PROPEL STUDENTS, AND ILLUMINATE THE PATHWAY FROM THE CLASSROOM TO CAREERS WITH A FOCUS ON EXPANSION, OPPORTUNITY AND DIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $824,655 Revenue: $415,999

THE BIOTEACH PROGRAM FOCUSES ON STRENGTHENING THE ABILITY OF TEACHERS TO DELIVER LAB-CENTERED, INQUIRY-BASED LESSONS IN BIOTECHNOLOGY IN THEIR CLASSROOMS. THE PROGRAM INTRODUCES TEACHERS TO BASIC...

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THE BIOTEACH PROGRAM FOCUSES ON STRENGTHENING THE ABILITY OF TEACHERS TO DELIVER LAB-CENTERED, INQUIRY-BASED LESSONS IN BIOTECHNOLOGY IN THEIR CLASSROOMS. THE PROGRAM INTRODUCES TEACHERS TO BASIC CONCEPTS IN BIOLOGY AND BIOTECHNOLOGY WITH SPECIFIC LABORATORY-BASED CURRICULA DESIGNED FOR TEACHING CONCEPTS. THE PROGRAM OFFERS FREE PROFESSIONAL DEVELOPMENT WORKSHOPS FOR EDUCATORS; TRAINING, CURRICULA, AND ON AND OFF-SITE MENTORING TO NEWLY TRAINED TEACHERS; ASSISTANCE TO TEACHERS WITH CONTENT ACQUISITION, PREPARATION AND EXECUTION OF CLASSROOM ACTIVITIES. THE PROGRAM ALSO OFFERS GRANTS FOR LAB EQUIPMENT, SUPPLIES AND MATERIALS. STUDENTS ARE INTRODUCED TO CAREERS THROUGH COLLEGE AND CAREER ENGAGEMENT EXPERIENCES WITH COLLEGES AND COMPANIES AND THROUGH OUR BANK OF VOLUNTEER CAREER AMBASSADORS WHO VISIT SCHOOLS AND MEET WITH STUDENTS REMOTELY AND ON-SITE WHEN POSSIBLE. OUR BIOTEACH PROGRAM HELD 11 TEACHER PROFESSIONAL DEVELOPMENT WORKSHOPS, WITH TOTAL ATTENDANCE OF 182 TEACHERS ACROSS ALL WORKSHOPS. ACROSS ALL BIOTEACH PROGRAMMING, WE ENGAGED NEARLY 14,385 STUDENTS IN AUTHENTIC SCIENCE LEARNING. THE TEACHER TRAININGS WERE VERY SUCCESSFUL WITH OVER 90-95% OF PARTICIPANTS REPORTING AN INCREASE IN CONFIDENCE IN EXECUTING LAB ACTIVITIES IN THEIR CLASSROOM OR REPORTING THAT THEY EXPECT TO UTILIZE THE RESOURCES IN THEIR CLASSROOM. WE WERE ALSO ABLE TO BRING OUR INTENSIVE ACCESS PROGRAM OF AUTHENTIC SCIENCE CONTENT AND CAREER AWARENESS TO OVER 4,500 STUDENTS IN LOW-INCOME AND HIGH-NEED SCHOOL DISTRICTS.

Program 2
Expenses: $1,501,921 Revenue: $223,804

BIOTALENT INCLUDED SEVERAL DIFFERENT PROGRAMS FOCUSED ON UNDERSTANDING, BUILDING, AND SUPPORTING WORKFORCE DEVELOPMENT AND CAREER AWARENESS. ACTIVITIES INCLUDED:A. LABOR MARKET INFORMATION PROVIDE...

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BIOTALENT INCLUDED SEVERAL DIFFERENT PROGRAMS FOCUSED ON UNDERSTANDING, BUILDING, AND SUPPORTING WORKFORCE DEVELOPMENT AND CAREER AWARENESS. ACTIVITIES INCLUDED:A. LABOR MARKET INFORMATION PROVIDE JOB TREND ANALYSIS, AND A GREATER UNDERSTANDING OF THE INDUSTRY'S WORKFORCE NEEDS IN TERMS OF SKILLS TO EDUCATORS AND THOSE IN INDUSTRY. IN 2023, MASSBIOED PUBLISHED THE MASSACHUSETTS LIFE SCIENCES EMPLOYMENT OUTLOOK, AND CONVENED THE LIFE SCIENCES WORKFORCE 2023 CONFERENCE IN JUNE, WHICH ATTRACTED OVER 391 PARTICIPANTS.B. COLLEGE TO CAREER BUILDS A CRITICAL BRIDGE BETWEEN CLASSROOM AND CAREERS. CAREER AMBASSADORS HELP TEACHERS BROADEN THEIR STUDENTS' HORIZONS AND ENCOURAGE AN INTEREST IN THE LIFE SCIENCES. SEVERAL MODES OF INTERACTION ARE OFFERED, FROM FORMAL CAREER PANELS TO SMALL GROUP Q&A SESSIONS. IN 2023, 668 COLLEGE STUDENTS PARTICIPATED IN CAREER AWARENESS ACTIVITIES WITH OVER 200 INDUSTRY VOLUNTEERS PARTICIPATING AND 121 FACULTY AND STAFF ENGAGING IN PROFESSIONAL DEVELOPMENT.C. CAREER HUB BRINGS GREATER LIFE SCIENCES AWARENESS, ACCESS, AND CAREER SERVICES TO MASSACHUSETTS RESIDENTS. IN 2023 362 STUDENTS ATTENDED A VIRTUAL CAREER FAIR, 270 PERSONS ATTENDED "WHAT THE HECK IS BOTECH" EVENTS.D. APPRENTICESHIP PROGRAMTO GROW AND DIVERSIFY THE WORKFORCE, BIOTALENT LAUNCHED LIFE SCIENCES APPRENTICESHIP PROGRAM THAT OFFERS STREAMLINED PATHWAYS INTO THE INDUSTRY. THE PROGRAM COMBINES TECHNICAL TRAINING, ON-SITE WORK EXPERIENCE, AND INCOME SUPPORT. WORKING WITH LEADING LIFE SCIENCE EMPLOYERS, MASSBIOED HAS DESIGNED TWO APPRENTICESHIPS - ONE FOR BIOMANUFACTURING TECHNICIANS AND ONE FOR CLINICAL TRIAL ASSOCIATES. BOTH PROGRAMS ENABLE INDIVIDUALS TO OBTAIN FOUNDATIONAL KNOWLEDGE AND INDUSTRY RECOGNIZED SKILLS, AND QUICKLY TRANSITION INTO EMPLOYMENT THAT PROVIDES MEANINGFUL WORK, FAMILY-SUSTAINING WAGES, AND CAREER GROWTH. IN 2023, THE APPRENTICESHIP PROGRAM HAD MULTIPLE CYCLES OF APPRENTICE TRAINING WITH A TOTAL OF 39 APPRENTICES, 65% OF WHOM WERE FEMALES AND 60% WERE POC.

Program 3
Expenses: $178,233 Revenue: $458,758

PROFESSIONAL TRAINING CLASSES PROVIDE TECHNICAL AND SOFT SKILLS TRAINING AND PROFESSIONAL DEVELOPMENT TO INDIVIDUALS IN THE BIOTECH INDUSTRY. THE COURSE ARE DEVELOPED IN CONJUNCTION WITH INDUSTRY...

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PROFESSIONAL TRAINING CLASSES PROVIDE TECHNICAL AND SOFT SKILLS TRAINING AND PROFESSIONAL DEVELOPMENT TO INDIVIDUALS IN THE BIOTECH INDUSTRY. THE COURSE ARE DEVELOPED IN CONJUNCTION WITH INDUSTRY PROFESSIONALS. IN 2023, 502 INDIVIDUALS ATTENDED ONE OR MORE OF OUR COURSES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,514,026
Program Service Revenue $1,085,697
Investment Income $29,492
Other Revenue $-5,892
TOTAL REVENUE $3,623,323

Expense Breakdown

Grants Paid $46,606
Salaries & Benefits $2,210,287
Fundraising Expenses $286,987
Program Expenses $2,876,230
Other Expenses $1,221,147
TOTAL EXPENSES $3,478,040

Year-over-Year Comparison

2023 2022 Change
Revenue $3,623,323 $3,237,337 +0.1%
Expenses $3,478,040 $3,473,613 +0.0%
Net Income $145,283 $-236,276 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
21
Volunteers
223

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$381,903
Total Directors
23
$744,644
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENDALLE BURLIN O'CONNELL DIR./ PRES. & CEO OF MASSBIO 1.00
Director
$0 $23,676 $744,644
SONDRA SCHWARTZ CHIEF EXECUTIVE OFFICER 40.00
Officer
$226,579 $23,228 $249,807
MICHELLE MISCHKE VP BIOTECHNOLOGY EDUC. PROG. 40.00
Highest
$150,805 $20,280 $171,085
MARCIE LADEN SR DIR. OF MKTG. & DEVELOPMENT 40.00
Highest
$126,679 $27,101 $153,780
SPENCER KLEIN DIRECTOR OF FINANCE & ADMIN 40.00
Officer
$116,089 $16,007 $132,096
WHITNEY HAGINS DIRECTOR OF BIOTEACH INSTRUCTION 40.00
Highest
$102,373 $4,095 $106,468
LAUREN CELANO DIRECTOR/ CHAIR 1.00
Officer Director
$0 $0 $0
KRISTIN GOPPEL DIRECTOR/VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL LEVY DIRECTOR/ TREASURER (UNTIL 12/2023) 1.00
Officer Director
$0 $0 $0
STACIE SAWCHAK AARESTAD DIRECTOR/ CLERK (UNTIL 12/2023) 1.00
Officer Director
$0 $0 $0
RYAN COHLHEPP DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE DURSO BUMPUS DIRECTOR 1.00
Director
$0 $0 $0
MELISSA MONAHAN DIRECTOR 1.00
Director
$0 $0 $0
MARY ELLEN WILTROUT DIRECTOR 1.00
Director
$0 $0 $0
ROBERT GOTTLIEB DIRECTOR 1.00
Director
$0 $0 $0
WYNTER J DUNCANSON DIRECTOR 1.00
Director
$0 $0 $0
AMITA JOSHI DIRECTOR 1.00
Director
$0 $0 $0
JAY METTETAL DIRECTOR 1.00
Director
$0 $0 $0
LORA MARDEN DIRECTOR 1.00
Director
$0 $0 $0
SHELLEY SEYMOUR DIRECTOR 1.00
Director
$0 $0 $0
RITA SMITH DIRECTOR 1.00
Director
$0 $0 $0
THOMAS SNOW DIRECTOR 1.00
Director
$0 $0 $0
WADE BROWN DIRECTOR 1.00
Director
$0 $0 $0
LAURIE HALLORAN DIRECTOR 1.00
Director
$0 $0 $0
HEATHER CONNOR DIRECTOR 1.00
Director
$0 $0 $0
MELISSA HACKMEIER DIRECTOR 1.00
Director
$0 $0 $0
JOHANNA JOBIN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER MURPHY DIRECTOR (UNTIL 12/2023) 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,623,323 $3,478,040 $1,994,798 $145,283
2022 $3,237,337 $3,473,613 $1,941,454 $-236,276
2021 $2,337,731 $2,290,837 $2,372,031 $46,894
2020 $1,912,335 $3,261,348 $2,866,284 $-1,349,013
2019 $4,260,360 $3,389,111 $4,228,952 $871,249
2018 $2,156,414 $1,417,486 $2,611,534 $738,928
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